Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) Sees Large Decline in Short Interest

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 177 shares, a decrease of 52.7% from the May 31st total of 374 shares. Based on an average daily volume of 1,657 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF Stock Performance

QSIX stock traded up $0.34 during mid-day trading on Tuesday, reaching $43.40. The company had a trading volume of 2,709 shares, compared to its average volume of 3,595. The company has a market capitalization of $19.53 million, a price-to-earnings ratio of 33.05 and a beta of 1.21. The firm has a fifty day simple moving average of $42.12 and a 200 day simple moving average of $38.85. Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF has a fifty-two week low of $33.94 and a fifty-two week high of $44.34.

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 29th were paid a dividend of $0.1312 per share. The ex-dividend date was Friday, May 29th. This is a positive change from Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

Institutional Trading of Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF

An institutional investor recently bought a new stake in Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF stock. Sound Income Strategies LLC purchased a new position in Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 873 shares of the company’s stock, valued at approximately $33,000. Sound Income Strategies LLC owned about 0.25% of Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF as of its most recent SEC filing.

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF Company Profile

The Pacer Metaurus Nasdaq 100 Dividend Multiplier 600 ETF (QSIX) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index composed of the stocks in the Nasdaq-100 Index, long positions in Nasdaq 100 Dividend futures, and US Treasurys. The objective is to provide 600% of the ordinary yield of the Nasdaq-100 Index in exchange for reduced participation in its price performance. QSIX was launched on Sep 23, 2024 and is issued by Pacer.